BI Asset Management Fondsmaeglerselskab A S Has $1.08 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

BI Asset Management Fondsmaeglerselskab A S raised its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 586.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,975 shares of the real estate investment trust's stock after acquiring an additional 5,959 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Mid-America Apartment Communities were worth $1,078,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc raised its stake in Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 68 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Mid-America Apartment Communities during the 4th quarter worth approximately $46,000. UMB Bank n.a. boosted its position in shares of Mid-America Apartment Communities by 30.5% during the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 75 shares in the last quarter. Catalyst Capital Advisors LLC boosted its holdings in shares of Mid-America Apartment Communities by 57.8% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 133 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at $63,000. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $158.36 on Wednesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The firm's fifty day simple moving average is $161.24 and its two-hundred day simple moving average is $157.07. Mid-America Apartment Communities, Inc. has a 12 month low of $125.99 and a 12 month high of $173.38. The stock has a market capitalization of $18.51 billion, a P/E ratio of 35.35, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. As a group, analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $1.515 per share. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.83%. Mid-America Apartment Communities's payout ratio is presently 135.27%.

Insider Buying and Selling

In related news, CEO H Eric Bolton, Jr. sold 2,643 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $149.93, for a total transaction of $396,264.99. Following the transaction, the chief executive officer now directly owns 319,813 shares of the company's stock, valued at approximately $47,949,563.09. This represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 7,140 shares of company stock valued at $1,142,842 over the last ninety days. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on MAA shares. StockNews.com upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Wednesday. Barclays reduced their price target on shares of Mid-America Apartment Communities from $163.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Scotiabank upgraded shares of Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $173.00 to $182.00 in a research report on Friday, February 14th. Raymond James boosted their target price on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a research note on Thursday, March 20th. Finally, Evercore ISI increased their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $168.76.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.

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